---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-023712"
form_type: "8-K"
ticker: "DEVS"
cik: "0001854480"
company_name: "DevvStream Corp."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T10:05:02.445252+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# SPAC Focus Impact Acquisition draws $487,500 from sponsor loan to extend business combination deadline

## Summary
- Issued an unsecured promissory note to sponsor Focus Impact Sponsor, LLC for up to $1,500,000.
- Initial draw of $487,500 deposited into trust account to fund extension of business combination deadline.
- Note bears no interest, matures upon consummation of a business combination, and is convertible into warrants at $1.00 per warrant.
- Additional draws up to $1,012,500 available subject to future requests for up to nine one-month extensions.
- If no business combination occurs, repayment is limited to funds outside the trust account; amounts otherwise forfeited.

## SEC filing metadata
- accession: 0001140361-23-023712
- form_type: 8-K
- ticker: DEVS
- cik: 0001854480
- company_name: DevvStream Corp.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854480/000114036123023712/0001140361-23-023712-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854480/000114036123023712/brhc20052665_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-023712
- JSON: https://secwatch.observer/filing/0001140361-23-023712.json
- Plain text: https://secwatch.observer/filing/0001140361-23-023712.txt

## Key facts
- Debt Financings
  DevvStream Corp. incurred loan of up to $1,500,000 with Focus Impact Sponsor, LLC at does not bear interest maturing matures upon closing of the Company's initial business combination.
  - Instrument: loan
  - Principal: up to $1,500,000
  - Counterparty: Focus Impact Sponsor, LLC
  - Rate: does not bear interest
  - Maturity: matures upon closing of the Company's initial business combination
  - Event: incurrence
  source text: on May 9, 2023, the Company issued an unsecured promissory note in the total principal amount of up to $1,500,000 (the “Promissory Note”) to the Sponsor and the Sponsor funded the initial principal amount of $487,500. The Promissory Note does not bear interest and matures upon closing of the Company’s initial business combination.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1854480/000114036123023712/0001140361-23-023712-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.